GUARANTEED INCOME PLANS

In the fast-paced lifestyle of today, even the little luxuries that we enjoy with our family make the loveliest memories. What if you could appreciate these moments without stressing over the related expenses? An extra income stream could make a difference. A savvy investment choice today can go far in ensuring that the lifestyle, you want for your loved ones, would for sure become a reality.

Along with meeting various goals of your dependents and supporting them financially, one important key in leading a stress-free life is having “Certainty in Life”. For instance, having the assurance that your salary will get credited in your account on time or the goals of your loved ones will get fulfilled, or their future will be secure even in your absence. After all, having these certainties can give you much-needed peace of mind. Guaranteed Plans can help you get this reassurance.

Guaranteed Plans recognize your hard work and efforts to provide your dear ones with a comfortable life now and in the future. These life insurance plus savings oriented plans, guarantee returns in the form of a lump sum payout or regular payouts over a period of years.

What is Guaranteed Plan?

A guaranteed plan provides assured benefit to the policyholders. This traditional insurance plan provides life cover, together with guaranteed payouts, if any and maturity benefits, if any. Guaranteed plans, thus, act as a another source of income by providing assured payout(s).

  • Any individual between 18 to 60 years of age may buy a guaranteed plan and may avail various advantages that accompany it
  • On account of Life Assured’s demise during the policy term, the Death Benefit is paid on to his/her nominee
  • The policy terms of guaranteed plans may vary from 10 to 30 years
  • The frequency of payouts may be chosen by the policyholder (lump sum, monthly or annual) depending upon the options available under the plan.

A guaranteed plan, thus, helps policyholders to fulfil their goals like funding their dream vacation, saving for their children’s education and securing their family’s future.

What Do You Need to Do Before You Buy Guaranteed Policies?

Things that individuals need to consider before opting for a Guaranteed Policy are:

  • What are the returns you are looking at?
  • The time period of the payouts and the premium to be paid
  • The type of income generation required

The above facts are influenced by the investor’s:

  • Present lifestyle
  • Earnings
  • Future lifestyle they seek
  • Tax savings they want
  • Risk cover

What Are the Benefits of Guaranteed Plans?

Maturity Benefits



If the life assured has paid all the premiums and if he survives till the end of the policy term, the maturity benefits are paid as per the policy benefits.

Death Benefit



In case of life assured's demise during the policy term, the death benefit is paid, provided all due premiums till date have been paid.

Tax Benefit



Tax benefits may be applicable as per Section 80C and Section 10 (10D) of the Income Tax Act 1961.

Modes of Premium payment



Monthly, Half-yearly, Quarterly, Annually via cash, cheque, credit card, debit card, ECS, etc as per features available under the plan

Guaranteed Benefit



The benefits under the plan are guaranteed.

Choose The Premium Paying Term



One may choose to pay premiums for 5 to 15 years as per the plan

The benefits and options available under a guaranteed plan depends upon the features and benefits of the insurance plan being bought.

How Future Generali’s Guaranteed Plans Work?

Future Generali’s Guaranteed Plans help policyholders create a another source of income, which can be utilized by them to accomplish their goals. The working procedure of these plans is extremely easy to understand. Towards the beginning, policyholders need to choose one of the Future Generali's Guaranteed plan and do the accompanying:

  • Choose a sum assured/premium to be paid as per respective plan
  • Choose the premium payment term and policy term
  • Pay the premium
  • At the end of the premium payment or policy coverage period, get ready to receive the guaranteed income payouts as per policy benefits

Therefore, with Future Generali’s Guaranteed Plans you may:

  • Secure the future of your dear ones in your absence
  • Plan your family’s goals with a lump sum at maturity
  • Create a sound source of second income
  • Meet significant milestones of your children’s education
  • Fund your annual vacations

Why Should Your Prefer Guaranteed Plans?

Enjoy Assured Income

Receive Lump Sum on Maturity

Get Life Cover

Get Additional Protection Through Riders

List of Future Generali Guaranteed Plans

Future Generali New Assured Wealth Plan - UIN 133N085V01

Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan.

This is a guaranteed life insurance plan that offers benefits by way of Guaranteed Additions and Guaranteed Sum Assured on maturity along with life cover.

Reasons to opt Future Generali New Assured Wealth Plan

  • 2 flexible options to ensure that you have an ideal cover which is best suited to your savings goals.
  • Added benefit of Guaranteed Additions which get accumulated, from eighth policy year till the end of the policy term.
  • Get the flexibility to select your Policy Term and Premium Payment Term depending on your needs and fulfill your savings goals.
  • You can buy this plan up to the age of 60 years under Option 1
  • Tax benefits as per the provisions of Income Tax laws. These benefits are subject to change as per the current tax laws. Pease consult your tax advisor for more details

New Assured Wealth Plan (POS) New Assured Wealth Plan SEND AN ADVISOR

What are the benefits of Future Generali New Assured Wealth Plan ?

Guaranteed Additions

Enjoy Guaranteed Additions as a percentage of sum assured, starting from the end of 8th Policy year till the end of the policy term, subject to payment of all due premiums

Guaranteed Maturity Benefit

Receive a Guaranteed Maturity Benefit, on survival till the end of the Policy Term subject to all your premiums due being paid

Death Benefit

  • Under Option 1, upon the death of the life assured Death Sum Assured plus Accrued Guaranteed Additions, if any, is paid to the nominee.

  • Under Option 2 In addition to death sum assured payable on death, Policy continues even after the death of the Life Assured till the end of Policy Term with no further premiums to be paid and accrual of guaranteed additions, which is paid along with the sum assured at original maturity date.

Future Generali Big Income Multiplier - UIN 133N064V02

Individual, Non-Linked, Non-Participating (Without Profits), Savings, Life Insurance Plan.

Future Generali’s Big Income Multiplier Plan is a guaranteed plan that provides income payout over a period of 12 years, ensuring that your rising expenses are taken care of. It also offers life coverage in case of an unfortunate event of life insured’s demise to keep the family financially covered.

Reasons to opt Future Generali Big Income Multiplier:

  • Total Maturity Benefit, which is paid over 12 years, is twice the total premiums paid under the life insurance plan over a period of 12 years.

Big Income Multiplier Pos Big Income Multiplier Non Pos SEND AN ADVISOR

What are the benefits of Future Generali Big Income Multiplier ?

Income payout over a period of 12 years

Under staggerd payout option, Life insured gets income benefit (twice the total premiums paid) over a period of 12 years.

Limited Premium Payment

Stay protected for 14 years by paying premium only for 12 years

Guaranteed Income

At the end of policy term, life assured receives guaranteed income. This guaranteed income could be lump sum or staggered as per the option chosen by the policyholder at the inception of the plan

Flexibility in choosing the payout option

Monthly income option
Annual income option

Tax Benefits as may be applicable

Under Section 80C
Section 10 (10D)

Future Generali Assured Income Plan - UIN 133N054V04

Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan

With Future Generali Assured Income Plan, one can choose any of the two policy term options. The benefits are:

  • Regular assured annual/ monthly income will begin from the end of the subsequent year from maturity
  • An additional benefit ranging from 1 - 4.5 times the annualized premium (depends on life assured's age) will be paid along with the last income payout

The assured income plan also comes with a death cover which helps to ensure that even in your absence, your family leads the lifestyle that you always wanted for them.

Know More SEND AN ADVISOR

What are the benefits of Future Generali Assured Income Plan ?

Guaranteed Income

Under staggered payout option, By paying premium over 11/15 years, one can receive guaranteed income over 11/15 years.

Additional Benefit

Get 1 to 4.5 time the annualized premium as the additional benefit along with the last payout.

Death Benefit

15.3 to 27 times of annualized premium depending on the life assured's age at the time of policy purchase

Tax Benefits as may be applicable

Under Section 80C
Under Section 10 (10D), whicever applicable

Future Generali Assured Money Back Plan - UIN 133N056V03

Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan

Future Generali’ Assured Money Back Plan is a life insurance plan which ensures that your financial security is guaranteed. The plan is designed to provide flexibility to individuals and is a savings option for:

  • Fulfilling a milestone
  • Retirement planning
  • Investing surplus for long term business requirements

Reasons to opt Future Generali Assured Money Back Plan:

  • Policyholder can opt for sum assured as per their desire.
  • By paying the premium for a short selected period, policyholder can enjoy benefits of life cover and savings for the longer duration
  • Policyholder can enjoy guaranteed payouts after the premium payment term

Know More SEND AN ADVISOR

What are the benefits of Future Generali Assured Money Back Plan ?

Survival Benefits

Receive 10% of Sum Assured every year for 9 years under option A and for 4 years under option B. Survival Benefit is paid yearly after the completion of premium payment term.

Thus, under Option A, customer receives 90% of Sum Assured and under Option B, customer receives 40% percent of the sum assured as survival benefit

Maturity Benefits

Receive 110% of Sum Assured on Maturity under option A and 160% of sum assured on Maturity under option B once the policy term is completed

Death Benefit

After the demise of the life assured, nominee(s) will receive death benefit, which is higher of the following:

10 times the annualized premium (excluding applicable taxes, rider premiums, underwriting extra premiums and loading modal premiums, if any), or 105 percent of total premiums paid as on date of death (excluding applicable taxes, rider premium, and extra premiums, if any), or

Maturity Sum Assured which is equal to 110% of sum assured for option A or 160 % of sum assured for option B

Absolute amount assured to be paid on death which is equal to the sum assured

Tax Benefit as may be applicable

Under Section 80C
Under Section 10 10(D)

Future Generali Assured Education Plan - UIN 133N057V02

Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan
Future Generali’s Assured Education Plan ensures payouts at key educational milestones of a child and offers life insurance cover to the insured individual, who is generally parent. The Assured Education Plan provides adequate funds to sponsor your child’s education, ensuring that his/her education is not compromised even in your absence. Therefore, it acts as an ideal launching pad for your kid’s bright future.
Reasons to opt Future Generali Assured Education Plan:

  • This systematic savings plan helps to save until your child turns 17, thus allowing you to pay for his/her graduation or post-graduation fees
  • The plan offers flexibility to choose guaranteed payouts through three options
  • Availability of loan facility up to 85 percent of the surrender value once the policy has acquired surrender value.

Know More SEND AN ADVISOR

What are the benefits of Future Generali Assured Education Plan ?

Maturity Benefit

Maturity benefit paid at the end of the policy term is structured as per the payout option choosen.

Death Benefit

  • On account of life assured's demise, death sum assured is paid immediately to the nominee, which is highest of:
    • Maturity Sum assured which is equal to sum assured
    • 105 percent of total premiums paid as on date of death (excluding applicable taxes, riders premium and extra premiums, if any)
    • 10 times the annualized premium (excluding applicable taxes, riders premium, underwriting extra premiums and loadings for modal premium, if any)
    • Absolute amount payable on death, which is equal to the Sum assured

In addition to this,

  • All future premiums are waived off
  • Pay 5% of the Sum Assured immediately and on every death anniversary of the Life Assured till your child turns 17 years.
  • Pay Maturity benefit as per the choosen option while purchasing the plan

Riders

Coverage can be enhanced by purchase of additional riders like:

  • Future Generali Non-linked Accidental Death Rider (UIN: 133B023V01)
  • Future Generali Non-linked Accidental Total & Permanent Disability Rider (UIN: 133B024V01)
  • Future Generali Accidental Benefit Rider (UIN: 133B027V02)

Future Generali Assured Wealth Plan - UIN 133N083V02

Individual, Non-Linked, Non-Participating (without profits), Savings, Life Insurance Plan

FUTURE GENERALI Assured Wealth Plan is an individual, Non-Linked, Non-Participating, saving, Life Insurance Plan. The wealth plan offers a dual assurance *of capital appreciation and insurance cover under a single policy so that you can secure your life goals financially. FUTURE GENERALI Assured Wealth Plan also offers Guaranteed Additions^ every year so that you can avail the higher financial safety and security benefits.

Reasons to go for the FUTURE GENERALI Assured Wealth Plan

  • Flexible Premium Payment Options
  • Guaranteed Additions (as a percentage of the Sum Assured) throughout the Policy Term
  • Increasing Death Benefit (annually with the accrual of the Guaranteed Additions) under Option 1
  • Lower Rate of Premium for women

What are the benefits of FUTURE GENERALI Assured Wealth Plan?

  • Plan Options
    Choose between two options of maturity benefit payouts, upon survival, at the culmination of the Policy Term:
    • Option 1 is a standard Endowment Plan, which offers to pay insurance benefits upon the death of the Life Assured or completion of the Policy tenure
    • Option 2 offers to continue providing the Policy benefits, with no further need to pay the premiums, after the demise of the Life Assured (till the end of the Policy tenure)
  • Maturity Sum Assured plus Accrued Guaranteed Additions shall be paid where Maturity Sum Assured is equal to Sum Assured
  • Death Benefit
    In case of the unexpected demise of the Life Assured, the Death Benefit helps secure the family’s financial well-being and future goals.
    • Option 1
      The life assured’s beneficiary/nominee shall receive Death Sum Assured plus Accrued Guaranteed Additions, provided the policy is in-force.
      The death benefit shall be highest of the following:
      • 10 times the Annualised Premium (excluding taxes, rider premiums, underwriting extra premiums and loading for modal premiums, if any), or
      • 105% of total premiums paid at the time of the Life Assured’s death (excluding any underwriting extra premium, any rider premium and taxes), or
      • Guaranteed Sum Assured on Maturity which is equals to Sum Assured or
      • Absolute Death Benefit to be paid on death which is equal to sum assured
    • Option 2
      Two payouts will be made to the nominee of the Life Assured –
      • Lumpsum Death Payout (which is equal to Death Sum Assured) will be paid at the time of death The death benefit shall be the highest of the following:
        • 10 times the Annualised Premium (excluding taxes, rider premiums, underwriting extra premiums and loading for modal premiums, if any), or
        • 105% of total premiums paid at the time of the Life Assured’s death (excluding any underwriting extra premium, any rider premium and taxes), or
        • Guaranteed Sum Assured on Maturity (which equals the Sum Assured under the policy), or
        • Absolute amount assured to be paid on Life Assured’s death which is equal to sum assured.
      • Guaranteed Maturity Sum Assured plus accrued Guaranteed Additions shall be paid at the end of the policy term
      • After the death of the insured person, the policy continues while the Insured’s family doesn’t have to pay future premiums, till the end of Policy Term
      • The policy continues to accrue Guaranteed Additions after the Life Assured’s death till the end of the policy term

Know More SEND AN ADVISOR

Guaranteed Plans at a Glance

 Future Generali Big Income MultiplierFuture Generali Assured Income PlanFuture Generali Assured Money Back PlanFuture Generali Assured Education Plan
Entry Age 4 years to 50 years 11 year policy term: 7 years to 50 years
15 years policy term: 5 years to 50 years
18 years to 55 years Age of the Parent: 21 to 50 years  
Age of the Child: 0 to 10 years
Maturity Age 18 years to 64 years 18 years to 65 years 33 years to 77 years under option A
28 years to 77 years under option B
35 years to 67 years for the parent
Policy Term Fixed Policy term of 14 years 11 or 15 years Option A: 15, 17, 20, 22 years  
Option B: 10, 12, 15, 17 years
17 years minus age of the child (at the time of policy  purchase)    
Premium Payment Term Fixed Policy term of 12 years Same as policy term For Option A: Policy term less 10 years  
For Option B: Policy term less 5 years.
Same as policy term
Premium Payment Frequency Annually Monthly Annually Monthly Monthly Quarterly Half-Yearly Yearly   Annually Monthly
Premium Payable Minimum Premium: Rs. 18,000 (Annually) or Rs. 1,500 (Monthly)  
Maximum Premium: No Limit(Subject to underwriting)
Minimum premium: Annual:   For a 11 year term: Age 7 to 50 years: Rs. 35,000     For a 15 year term: Age 5 to 44 years: Rs. 35,000   Age 45 to 50 years: Rs. 75,000  
Maximum: No limit (Subject to underwriting)  
Annual:   Minimum: Rs 18,000  
Maximum: No limit (Subject to underwriting)
Minimum: Rs. 20,000 Annually or Rs. 2000 monthly  
Maximum: No Limit (Subject to underwriting)    

FREE LOOK CANCELLATION

In case you disagree with any of the terms and conditions of the policy, you can return the policy to the Company within 15 days (30 days if the policy is sold through the Distance Marketing Mode) of the receipt

Please note that Guaranteed incomes/ Guaranteed benefits are subject to policy remaining in force

Future Group’s, Generali Group’s and IITL liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

First assurance through Guaranteed Additions throughout the Policy Term payable at Maturity and second assurance through Lump Sum Maturity Sum Assured over and above Guaranteed Additions, provided all Due Premiums have been paid.

The Guaranteed Additions are accumulated as a percentage of Sum Assured at a simple rate for each completed Policy Year, subject to payment of all Due Premiums

DISCLAIMER

REGISTERED & CORPORATE OFFICE
Future Generali India Life Insurance Co. Ltd, Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400083. India IRDAI Registration No: 133. CIN:U66010MH2006PLC165288

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint

Product NameUINProduct One Liner
Future Generali Assured Income Plan 133N054V04 INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN
Future Generali Assured Money Back Plan 133N056V03 INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN
Future Generali Assured Education Plan 133N057V02 INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN
Future Generali Big Income Multiplier 133N064V02 INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN
Future Generali Assured Wealth Plan 133N083V02 INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN

Frequently Asked Questions

What is the premium payment frequency in Guaranteed Plans?

The premium payment frequency is the number of times during the policy year that the policyholder needs to pay premiums. Usually, for guaranteed plans, the premium payment frequency options are the following which may vary as per the product features available under the products:

  • Monthly
  • Quarterly
  • Semi-annual
  • Annual
What is the policy term in Guaranteed plans?

The policy term depends on the type of policy chosen. For instance, the policy term under some of Future Generali’s Guaranteed Plans are as follows:

  • Future Generali Big Income Multiplier Plan: 14 years
  • Future Generali Assured Income Plan: 11 or 15 years
What is the premium payment term in guaranteed plans?

In guaranteed plans, the premium payment term denotes the total number of years the policyholder needs to pay premium. The premium payment term for some of Future Generali's Guaranteed Plans is as follows:

  • Future Generali Big Income Multiplier Plan: 12 years
  • Future Generali Assured Income Plan: 11 or 15 years
For guaranteed plans, what is the minimum and maximum entry age?

The minimum and maximum age for guaranteed plans is usually 7 and 50 years respectively. However, one should check the entry age under individual plans as the age may differ from product to product.

For guaranteed plans, what is the minimum and maximum maturity age?

The minimum and maximum maturity age for guaranteed income policies is usually  18 and 65 years respectively. Again, it is recommended to check the same under individual plans as it may differ from one product to product.

For more details on risk factors, terms and conditions, please refer to the product brochure and consult your advisor or visit our website before concluding a sale. Riders are not mandatory and are available for an additional cost.

X